Charity registration number 1120704 HUMDARD WELFARE ASSOCIATION ( CROYDON) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 HUMDARD WELFARE ASSOCIATION ( CROYDON) LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr M A Javed Mr WA Selhi Mf T Akinkunmi Charlty numb•r 1120704 Accountants Figure Fact 1st Floor 182-184 Edgware Road London W2 2DS HUMDARD WELFARE ASSOCIATION ( CROYDON) CONTENTS Page Trustees report AccoLJntants' report Statement of fin3naal activlties Balants sheet Notes to the financial statements HUMDARD WELFARE ASSOCIATION ( CROYDON) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present Iheir annual report and Iinancial statements for the year ended 31 Marth 2025. The accounts have been prepared in accordance vrith the accwnting policies set out in note 1 to the accounts and compty with the charity's goveming d0cun￿nt, the Charities Act 2011 Ihe Stalement of Recommended Practice, 'A(￿UntIng and Repo￿ng by Charities" issued in March 2005. Obi6ctlvès and actlvttles The charty's objects are providing fa(ilities for recreation other leisure time occupation wth the objecl ot improving the conditions of life of those Fersons who have need of such facilities ty reason of thew youth, age, infirmity or disablement. financial hardship or social ar¥J econOrn￿ circumstances. The policies adopted in furtherance of these objects are to provide coMmer￿al premises to hokl e￿its aryj classes and there ha5 been no thange in these during Ihe year. The trustees have paid due regard to guidance issued by the Charity C￿nmiSsion in decidlng wh* activities the charity should undertake. Achievements and perforniance Close attention is paid to the actim1￿$ held at the ￿ntre and encourage maximum partldpatlon. Flnanclal rovlèw The progress during Ihe year and the posiiion at year end 31 Marth 2014 is considered satisfaclory. It is the policy of the Gharity that unresltided funds thich ha¥E not been designated for a specific use should be maintained al a level equivalent lo between three and six month's expenditure. TtrE ITUStees consider that reserves at this level will ensure that, in the event of a significant drop in funding. Ihey will be able to continue the charity's Current acÉivitEs W￿le consideration is gtven to ways in which additional fvnds may be raised. This level of resetves has been mainlairEd throughout the year. The tnjstees have assessed the major risks lo which the charity is exposed, and are sabsfied Ihat systems are in place to mitigate exposure to the major risks. Structure, governance and management The Charity was estabknshed by a charitable trust deed on 20th June 21x13. The trustees who Se￿ed during the year were: Mr M AJaved Mr WA Sethi Mr T Akinkunmi The power of appointment of new or additsonal trustees is vesled trustees for the time being of charity. In view the size and level of adivity of Ihe trust rt has not been necessary to recruit ot appoint any new Iruslees. The truslees report was approved by the Board of TTUStees. MrT Trust Dat ink HUMDARD WELFARE ASSOCIATION ( CROYDON) AAIAACCOUNTANTS. REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HUMDARD WELFARE ASSOCIATION ( CROYDON) FOR THE YEAR ENDED 31 MARCH 2025 In order to assist you to fulfil youf dulles under the Charities Act 2011. wè have prèpared for your approval the accounts of Humdard Welfare Association ( Croydonl for the year ended 31 March 2025, which comprtse and the related notes from the charty's accounting rewrds and from information and explanations you have given us. As a pracli5ing member fimi of the Association of Inlemalional Accountants. we are suty.ect to its ethical arKI other professional requiremenls which are detailed al www.aaiawoTld.com. This report is made to the Gharity's Iruslees, as a body, in accordance with the terms of our eng4emenl tetler dated 15 April 2016. Our work has been uThJertaken solely to prepare for youi apptoval the accounts of Humdard Welfare Associallon { Croydon) and state those malters ihal we have agreed to state to the chanty's truslees, as a body, in this report, To the fvllest exiènt permitted by law, do not accept or assume responsibility to anyone other than Humdard Vvelfare Associalion { Croydon) and the d)arity's trustees as a body. for our work or for this report. It is your duty lo ensure that Humdard IAÈlfare A&social%)n { Croydoni has kept adequate accounting records and to prepare ststutory financial slatements that give a true and fair VEW of the assets, liabilities. finanual position and surplus of Humdard Welfare Association { Croydon). You consider Ihat Humdard Welfare Association ( Croydon) is exempl from the slalutory audit requirement for the year, and is not requtred lo obtain an independent examinerfs report. We have not been instruded to cary out an audit or a review of the finanoal statemenls of Humdard Welfare Association I Croydon). For this reason, VéE have nol verlfied the ac(JJracy Of compleleness of the accounting records or informalion and exptanations you have given lo us and we do not, therefore, express any opinion on the statutory financial statements. Flgure Faet AAIA Ac¢ountants 1 SA Floor 182-184 Edg¥Yare Road London 22DS HUMDARD WELFARE ASSOCIATION ( CROYDON) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted Unrestrlcted funds fund$ 2025 2024 ome fro Charitable activilies 12,715 9,965 Charitable activilies 11,185 16,119 Net incomellexpenditure) for the yearl Net movement in lunds 1,530 (6,154) Fund balances at 1 April 2024 11,945 18,099 Fund balances at 31 March 2026 13,475 11,945 The stalemenl of finanoal activities i￿ludeS all gains and losses rec(KJnised in the year. All in¢owE and expeThlitse derive from continuiro actiwties. HUMDARD WELFARE ASSOCIATION { CROYDON) BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Currènt assots Debtors Cash at bank and in hand 14.928 13,368 14.929 13.369 Creditors: amounts falllng due wlthin one year {1.454) (1,424) Net current assets 13.475 11,945 Income funds Unreslricled funds 13.475 11.945 13.475 11.945 n¢ial stalements were approv￿ by the Tntstees on .. rT Akinkunmi Trustse HUMDARD WELFARE ASSOCIATION { CROYDON) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 AGGountlng poll¢les Charlty infomiatlon Humdard Welfare Association { Croydon) Is a regislefed charity under RegÉslration No. 1120704. The registered offi￿ is Former Scout Hut, MayfEekl Road, Thomton Heath CR7 6DN 1.1 Accountlng convèntlon The financial slalements have been prepared tn accordaniz with the charivs [goveming docLsmentl, the Charities Ad 2011. FRS 102 Yhe Financial Reporting Standard applicab]e in UK and Republic of Ireland" {°FRS 102) and the CharitÈes SORP "ACCO￿t￿)g ar¥J Reports'ng by Charities: Statement ol Recommended Practi￿ applicable to charities preparing their accounts in accordan￿ wilh the Financial ReportirwJ Standar(i ap￿Icable in the UK and Republic of Ireland (FRS 102). (effeclive 1 January 2019). The charity is a Public Benefrt Entity as defined by FRS 102. The charity has taken advantage of the pro￿￿on$ in the SORP for thaniies not to prepare a Slatarenl of Cash Flows. The financial stalements have departed from the Chariti'es (Accounts and Reports) Regulations 2008 onty to Ihe extent ￿qUIred to provide a tNe arKI fair view. This departure has involved following the Statement of Recommended Practice for charities applyiro FRS 102 rather Ihan the version of the Statement of Recommended Practice which Is referred to in the Regulations but vA)tth h&8 since been withdra￿. The financial slatements are prepared in sterfing, whi(* is the functional wrrency of the ¢harity. Monetary amounts in these financial staternents are rounded to the [￿are$l £. The finanaal slatemenls have been prepared under the historical cost convention, {modFfied lo indude Ihe revalu8lion of freehold propertÉes and to irtlude investment properties and certan financial inslrunents at fair Valuel. The prinripal accounting policies adopted are set oul below. 1.2 Golng concorn At the time of apwoving Ihe finanaal statements. the trustees have a reasonable expectation thal the charity has adequate resources lo conlinue ￿7 operational existen￿ for the foreseeable future. Thus the tr￿tee5 continue to adopt the going cOn￿M ￿S of accounting in preparfng the fjnancaal stateffEnts. 1.3 Charltable funds Unrestricted funds are available for use at the disuelion of the truslees in lurtherance of their charitable objectives. 1A Incom• Income is Tecognised when the charity is legalty entitled to it after ary perfom)ance conditions have been met, the amounts can be measured ielk8bly. and it is probable that income will tE received. Cash donations are recognised on receipt. Other donations are recognised once Ihe charity has been notified of the donation. unless performance conditK)ns reqU￿e deferral of the amounl. Income tax recoverable in rdation to donations received under GiftAid or deeds of covwarrt is recognised at the time of the donation. Legacies are recognised on receipt or otherwse rf the tharity has been notified of an impending dislribution, the amount is known. and receipt is expected. If the amourrt is not known, the I￿acY is treated as a contingent asset. HUMDARD WELFARE ASSOCIATION { CROYDON) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.5 Expondlture Expenditure is re¢ognised once there is a legal or constructive obligation tr) transfer economic benefit to 8 third party, it Is probable that a transfer of econorrrtc beneffts will be ￿quired in settlement, and the amount of the obligation Can be measured reliably. Expendilure is dassified by activty. The ¢osts of each actmty are made up of the total of dire£t costs and shared costs: including support costs involved in undertaking each adivity. Direct costs altributakAe to a single actiV4ty are allor2ted directly to that activty. Shared cos15 ¢onlribute lo more than one acl'vity and support costs TNhich are not attribulatle lo a single aGtniity are apportioned belween those activities on a basis consistent y￿th the use of reSoUr￿s. Central staff costs are allocated ￿ the basis of time spent. and depreciation charges are allocated on the portion of the asset's use. 1.6 Tanglbl8 Ilxed assets Tangible fixed assets are initially ffEasured at Cost and subsequenty measured at cost or valuation, net of dep￿ciall0n and any impairnient losses. Depre¢Aalion is recognised so as to write off the cost QT valuation ot assets Ivss their residual values over their useful lives on the following bases: Fixtures, fittings & equipment 25% on reducing balance The gain or loss arising on the disposal of an asset is detemined as the difference between the sale prO￿ed$ and the carrying value of the asset, and is recognised in the statement of financial a(IMties. 1.7 Cash and cash oqulvalants Cash and cash equivalents Include cash in hand. deposits held at call wth banks. other short-tem liquid inveslmenls with original malurities of thr* months or less, and bank overdrafls. Bank overdrafts are shown wtlhin borrowings In current liabil1t￿s. 1.8 Flnanclal Instruments The chanty has elected lo appty the provisions of Section 11 'Basi¢ Financial Instruments. and Secb'on 12 'other Financial Instruments Issues, of FRS 102 lo all of its ffinanaal instwments. Financial instruments are rer•ognised in the ¢hanty's balance sheet ￿en the ¢harity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset: with the net amoutts presented in ts finanaal stalemenls. when Ihere Is a legally enforceable right to set off the recognised amounts and there Is an intenlion to settle on a net basis or to realise the asset and settle the liabity sinultaneiwsly. Baslc financial as$8ts Basic financial assets, V4hith indude deblors and cash and bank balarmx, are initially measured at transaction price induding transaction costs and are subsequentty carried at amortised cost using the effective interest method unless the arrangement constitLrtes a financing Iransaclion, where the transaction is measured al the present value of the fvrture receipts discounted at a market rate of interest. Finanaal assets dasstfied as receivable within one yeai aTe rp)l amofbsed. HUMDARD WELFARE ASSOCIATION ( CROYDON) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) Basic financial liabilities Basic financial liabilities. Includi￿ creditors and bank loans are initi'ally recognlsed al transaction pri￿ unless the arrangement conststutes a finanung transaction, vknere the debt instrumenl is measured 8t the p￿sent value of the future paymenls discounted al a market rate of interest. Financial liabilities classified as payable wrthin one year are not amortised. Debl instrumenls are subsequently carried at amoriised Cost, using the effeth'¥e interest rate method. Tfade credilors are obligations to pay lor goods or ser¥ices that have been acquired in the ordinary course of operations from suppliers_ Amourrts payable are dassified as current liabililies if payment Is due within one year or less. If nol. they are presented as non-currenl liatmIFt￿s. Trade ￿e￿[tOrS are recognised initially at transaction price and subsequently measured at amortised cost using ￿ effective nterest method. Dere¢ognldon of flnanclal Ilabllltles Financial liabilities are derecognised when charty's contractual obligatK￿s expire or are discharged or cancelled. 1.9 Taxatlon The charity is not required to pay any lax. 1.10 Employee beneffts The cost of any unused holiday entrtlemeErt is recc4Jnised in the period in which Ihe employee's se￿I￿S are received. Termination beneffts are recognised immediately as an exP￿￿e wwt Ihe tharity is demonstrably committed lo terminate the employw£nt of an employee or to provide temiination beneffts. Charltable adlvltles Hall hlre f8eS 2025 Hall hire fees 2024 Hall ￿￿ income 12.715 9,965 HUMDARD WELFARE ASSOCIATION { CROYDON) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charltable actlvities Charity runnlng Costs Charity running 2025 2024 Rent and rates 7.315 10,892 Light and heat 1,984 1,865 Repairs and maintenan¢e 536 2,200 Telephot 75 60 Insuran 610 657 Sundry 275 85 10.795 15,759 Share of support costs (see note ) 390 360 11.185 16.119 Employo9S The average monthty number of employees during the year was: 2025 Numbar 2024 Number Admtnlstralion There Y￿re no employees vthose ann(￿1 remunerab'on was more than £60,000. Taxatlon The chafily is exempl from lax on income and gains falling Mithin 5edÉon 505 of Ihe Taxes Act 1988 or section 252 of the Taxatlonof Chargeable Gains Act 1992 lo the extenl that these are applied lo its charltabte objects HUMDARD WELFARE ASSOCIATION { CROYDON) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Debtors 2025 2024 Amounts falling due within one year. Trade debtofs Creditors: amounts falling due wlthin one year 2025 2024 A¢¢ruals and deferred income 1.454 1,424 Ralatsd party tran8action8 There vRre no disclosable related paty Iransadions during Ihe year {2024- none).